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Q: How could a person be exempt from having withholdings taken from his or her pay?
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If your 55 years old are you exempt from paying taxes on pension?

No. You can be over 100 years of age and could still meet the requirements of having to file an income tax return. Age does not have anything to do with the requirement to have to file an income tax return.


Why should church property be exempt from taxes?

You could make the argument that it should be tax exempt because it's nonprofit, but separation of church and state says that as an entity that isn't operated by the state, it should be taxed like any thing else.


How would you classify donations received. Are they income?

The amount could possibly be income to you. Since you are NOT a qualified charitable tax exempt organization that has been approved by the IRS to receive any charitable donations that you could give the the taxpayer a receipt for that would allow the taxpayer to take a charitable donation on the taxpayer schedule A itemized deduction of the 1040 federal income tax return.


How can you avoid paying a large tax bill and maybe a fine at the end of the year?

You need to make sure you have paid enough taxes during the year by means of withholdings or estimated quarterly taxes so that you have at least 90% of your taxes paid. If you do not meet this threshold you will be penalized as well as having to pay the additional tax due plus interest. The actual rule to not be penalized for paying too little is that you pay in at least 90% of the total tax that you owed in the previous year. As long as you have had this much sent in to the IRS by withholding or estimated payment you won't be penalized. You could still have tax due if your income increases from year to year or if your deduction or exemptions decrease.


Where could a person find reviews of budget software?

There are many places where a person could find reviews of budget software. Many people now share information about products that they have purchased on online blogs that can be easily found and accessed by anybody.

Related questions

What is meant with tax exempt form in finances?

Sales tax exempt forms are for individuals or companies that are exempt from sales tax. This could be if you run a charitable, educational or other organizations.


Can a permanently disabled person's bank account be frozen from a debtor?

Your accounts could be frozen or seized depending on the laws in that state but if you are collecting disability that money is exempt.


What is the dangers of having to give information in person during the war?

You could be killed


What is ths sex?

Sex is having intercourse with another person, it also could be petting.


Can someone answer this question if a person were having an asthma attack while physically being violently choked could that person have died?

yes


Why you should approach an unconscious person with care?

You should approach them with care because the person could be having a seizure or they could be choking on an object and you may not realize it if you rush towards them to help


Why are you shaking so much?

Well, I could be scared or cold. I could also be having a seizure or something similar. There are a lot of reasons a person could be shaking.


How does education affect a person's personality?

Having a good education could lead to having a positive self-image, self-confidence also help with secondary socialisation. Having a bad education/lack of could affect someones self-esteem.


Could a person with no health insurance go tojail for not having any?

No but if they ran someone over they would.


You are three weeks late on your period could you be pregnant?

You Could Be, But Some People Go Multiple Months In A Row Without Having Their Period, It Just Depends On The Person. Try A Test. You Could Be, But Some People Go Multiple Months In A Row Without Having Their Period, It Just Depends On The Person. Try A Test.


How can you describe how a person has some pride or esteem in himself that could hardly accept having done a foolish act or having a wrong attitude?

try to inspire them


What is the meaning of I have nothing but love for you?

When a person says this to another person, they are telling them that they love them so much that they could not imagine ever having hate towards them.